Funds put their trust in houses

Article Abstract:

There has been an upsurge in the private rental housing sector in the UK since 1989 but it is foreign funds which are leading the way in residential investment. An example of this is Dutch firm ING which purchased 144 housing association homes in Scotland at a cost of 6 million pounds sterling in late 1996. The housing sector offers a sound investment; the total cumulative return on residential property between 1982 and 1995 was 293% compared to 192% for commercial property. In addition, the worst of only four decreases in capital values since the 1950s was 5.6% in 1992.

Residential Building Construction, Private Residential Bldgs, Analysis, Foreign investments, Residential construction, Investments, Housing, Rental housing, ING Bank N.V.

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A very happy birthday

Article Abstract:

Activity at the Lakeside shopping centre in Thurrock is starting to slow down as the development approaches its fifth anniversary, with only five units currently being available. However, the area around the centre is still attracting large retail and distribution deals. Capital Shopping Centres believes that it will be able to achieve rental growth as the new rent-review cycle begins, and is focusing on a coordinated approach to expanding the centre.

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New players, old game

Article Abstract:

Many of the around 750 shopping centres in the UK have seen a change of ownership recently, with the market enjoying a boom period. The market reached a peak in May 1994, when Scottish Amicable paid 92 million pounds sterling for Main Square, Camberley. It is now starting to decline, with interest coming from property companies rather than from institutions.

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